Insights into Blackstone's Upcoming Earnings

Blackstone (NYSE:BX) is gearing up to announce its quarterly earnings on Thursday, 2024-10-17. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Blackstone will report an earnings per share (EPS) of $0.94.

Blackstone bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

In the previous earnings release, the company missed EPS by $0.02, leading to a 1.6% increase in the share price the following trading session.

Here's a look at Blackstone's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.98

0.96

0.96

1.01

EPS Actual

0.96

0.98

1.11

0.94

Price Change %

2.0%

-2.0%

1.0%

0.0%

Analysts' Perspectives on Blackstone

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Blackstone.

Blackstone has received a total of 14 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $150.14, the consensus suggests a potential 3.95% downside.

Comparing Ratings Among Industry Peers

The analysis below examines the analyst ratings and average 1-year price targets ...